African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

Fuel price drop: Group backs NNPCL's reforms

Why Nigerians can’t get cheaper fuel amid crude price drop – Refiners

By Ifunanya / April 7, 2025

The Crude Oil Refinery Owners Association of Nigeria, CORAN, has explained why Nigerians cannot get cheaper Premium Motor Spirit, PMS, […]

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US tariffs: Global crude prices tumble

US tariffs: Prices of oil fall further on Monday

By Ifunanya / April 7, 2025

Oil prices fell more than 3 per cent on Monday, extending losses from the previous week. There are growing concerns […]

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US tariffs: Japanese Nikkei falls by nine per cent on Monday

US tariffs: Japanese Nikkei falls by nine per cent on Monday

By Ifunanya / April 7, 2025

The Asian markets plunged further on Monday, deepening a global stock rout. This is reportedly triggered by US President Donald […]

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Naira records highest depreciation against dollar amid Trump's tariff war

Naira records major drops against dollar week-on-week amid Trump’s tariffs

By Ifunanya / April 6, 2025

The naira recorded a significant drop against the dollar weekly, from March 28 to April 4, 2025 amid United States […]

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Tariffs: Over 50 countries have contacted White House to start trade talks – Trump’s aide

By Ifunanya / April 6, 2025

A top economic adviser to President Donald Trump said on Sunday that over 50 countries have reached out to the […]

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Taiwan eyes zero tariffs with US, pledges more investment

Taiwan eyes zero tariffs with US, pledges more investment

By Ifunanya / April 6, 2025

Taiwanese President Lai Ching-te on Sunday offered zero tariffs as the basis for talks with the United States, pledging to […]

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Nigeria’s debt rises by N47tn, to hit N144.67tn

By Ifunanya / April 6, 2025

Nigeria’s public debt increased by 48.58 percent to N144.67 trillion as of December 2024 from N97.34 trillion recorded at the […]

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US begins collection of new 10% tariff

US begins collection of new 10% tariff

By Ifunanya / April 5, 2025

US customs agents on Saturday began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries, with […]

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US tariffs: Stop playing politics, cut interest rate – Trump to Fed Reserve Chairman

By Ifunanya / April 5, 2025

Following his tariffs programme, President Donald Trump of the United States, US, has charged the Chairman of the Federal Reserve, […]

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Trump's administration moves to reduce America's $36 trillion debt, sells federal land

Trump’s administration moves to reduce America’s $36 trillion debt, sells federal land

By Ifunanya / April 5, 2025

The President Donald Trump administration is considering using proceeds from sold federal land to reduce the nation’s $36 trillion debt. […]

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It's opportunity for US to rebuild - Ex-World Bank president backs Trump's tariff

It’s opportunity for US to rebuild – Ex-World Bank president backs Trump’s tariff

By Ifunanya / April 5, 2025

Former World Bank Group President, David Malpass has backed United States of America President, Donald Trump’s administration’s tariff announcement. Malpass, […]

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Kano TikTokers jailed over vulgar videos

TikTok deal fell through due to Trump’s tariffs on China

By Ifunanya / April 5, 2025

A potential deal to sell TikTok was scuttled due to President Donald Trump’s tariffs on China. Trump on Friday, extended […]

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Naira continues depreciation, ends week on negative note

Naira continues depreciation, ends week on negative note

By Ifunanya / April 4, 2025

The naira continued its depreciation against the dollar at the official foreign exchange market, ending the week on a negative […]

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Trump revokes security clearance for Biden, Kamala, Clinton

Trump tariffs could drive Apple iPhone price to $2,300

By Ifunanya / April 4, 2025

Analysts have cautioned that President Donald Trump’s sweeping tariffs on countries across the globe could significantly reshape the dynamics of […]

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Official Statement from inDrive on Recent Ride-Hailing Industry Developments

Official Statement from inDrive on Recent Ride-Hailing Industry Developments

By Ifunanya / April 4, 2025

We wish to address recent reports regarding driver protests and security concerns in Nigeria’s ride-hailing industry. As a company committed […]

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FCMB Group Reports N111.9 billion in Profit Before Tax for 2024

FCMB Group Reports N111.9 billion in Profit Before Tax for 2024

By Ifunanya / April 4, 2025

LAGOS, Nigeria (April 4, 2025): FCMB Group Plc (NGX: FCMB) has announced its audited financial results for the full year […]

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Many Houthi leaders dead after new airstrikes - Trump

They played it wrong – Trump fumes over China’s retaliatory 34% tariff on US imports

By Ifunanya / April 4, 2025

President Donald Trump has reacted to China’s decision to impose a 34 per cent tariff on imports from the United […]

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Trump orders new tariff probe into US lumber imports

Trump reacts as US economy adds 228,000 jobs in March amid rise in unemployment rate

By Ifunanya / April 4, 2025

President Donald Trump has expressed excitement over reports that the US economy added jobs at a strong pace in March […]

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US Attorney General, Pamela Bondi defends Trump's deportation flights

US Attorney General, Pamela Bondi defends Trump’s deportation flights

By Ifunanya / April 4, 2025

US Attorney General Pamela Bondi has defended the President Donald Trump administration’s handling of the deportations of alleged gang members […]

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US tariffs: Global crude prices tumble

US tariffs: Global crude prices tumble

By Ifunanya / April 4, 2025

Global oil prices tumbled on Friday amid the emergence of tariffs affecting world’s economies. Crude oil price data showed that […]

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